Approved project summary
184-unit Class A condominium sell-out
Feasibility analysis of a Class A condominium sell-out in Winter Haven, Polk County, evaluated for conventional construction lending — an engagement defined by the willingness to reject the program as submitted. The sponsor’s 170-unit base case at $60,250,000 of total development cost failed the feasibility test; the study’s concluded program restructured the project to 184 units at $48,456,000, converting an infeasible submission into a financeable one.